Traditional Sweet and Tobacco Shop in Hertfordshire

Harpenden, St Albans
REF: R07749

Asking Price:
£100,000
Annual Turnover:
£168,412
Annual Net Profit:
£41,432
Under Offer
REF: R07749

Overview

Tenure:
Leasehold
Established:
1918
  • Excellent reputation
  • Loyal customer base
  • Well-equipped premises
  • Low overheads
  • Strong supplier relationships

A tantalising opportunity has emerged to purchase a traditional market-style shop based in Hertfordshire.

Originally established in 1918, the store has been offering a premium product range which includes sweets, tobacco, pipes, and lighters. Over the course of more than 100 years, the business has grown to become truly beloved amongst the local community, as demonstrated in its fantastic range of online reviews. It currently operates on a 6-day week throughout the entire year and benefits from delightful premises which reflect the business’s age and history.

After many successful years under current ownership, the business is only for sale due to the owners’ retirement and now requires a new owner to continue the shop’s outstanding legacy.

Situated on the high street of the affluent commuter town of Harpenden in Hertfordshire, the business profits from a strong mix of regular and passing trade. The shop’s exterior perfectly reflects the historical charm of the brand, welcoming customers into a well-stocked retail space. Rows of dark wooden shelves display all products, whilst a charming collection of antique photographs and ornaments decorate the store’s interior to transform visitors to a time gone by. The business benefits from having a lovely and sympathetic landlady, who is happy to renew the lease with a prospective buyer upon expiry in 2024.

The sale price includes a valuable inventory of high-end fixtures and fittings to ensure a strong start to the buyer’s ownership, as well as all available stock. Furthermore, the owners are happy to work alongside the buyer/s or assist in any way possible for an agreed length of transition time, in order to foster a smooth handover of business operations.

The business would benefit from being purchased by someone who already knows the shop and its customer base, such as a local investor. It would make an excellent acquisition for a buyer who is seeking a well-established business that benefits from already possessing a superb reputation amongst the local community.

Despite more than a century of success, the new owner will still be able to grow the business further through implementing numerous measures. Firstly, the buyer could advertise to generate even greater awareness of the shop within the surrounding area, including an online marketing campaign. Secondly, the store would likely benefit from extending its product range to become more agile in responding to consumers’ needs. Thirdly, the introduction of a loyalty discount would encourage repeat revenue and additional purchases from new and existing clientele. Fourthly, the business could highly benefit from extending its opening hours to provide more flexibility for customers.

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  • High street location
  • Close to local businesses
  • High footfall
  • Nearby car parking
  • No local competition
Rent
£15,780
Rates
£0
Lease Term
4 years
Lease Expiry
2024 but landlady would be happy to renew this with any prospective buyer, dependant on the usual regulations. Very sympathetic landlady who has adjusted/lowered the rent this year. The abov
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
TBC

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
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Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
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Number of Employees
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